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MarketWatch 07/30/2019 07:10
ConocoPhillips said Tuesday it had net income of $1.6 billion, or $1.40 a share, in the second quarter, compared with income of $1.6 billion, or $1.39 a share, in the year-earlier period. Adjusted per-share earnings came to $1.01, below the FactSet consensus of $1.04. The company did not provide a revenue number, but said production excluding Libya came to 1.290 thousand barrels of oil equivalent per day (MBOED), exceeding the high end of its guidance. The company generated cash from operating activities of $2.9 billion. Excluding working capital, cash from operations came to $3.4 billion exceeding capex and investments, generating free cash flow of $1.7 billion. The company is expecting third-quarter production to 1,290 to 1,330 MBOED and


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